Stock Held By Mutual Fund Schemes

Moody's downgrades ICICI's future bond sale via Bahrain branch

Ratings agency Moody's today downgraded ratings on ICICI Bank's future bond issuance through its Bahrain branch under the medium term notes (MTN) programme, but retained the ratings on its existing bonds, reported PTI.
We have downgraded the provisional ratings on forex currency senior unsecured MTN programme of the bank's Bahrain branch to Ba2 from Baa3, because the forex bond ceiling for Bahrain is now at Ba2, Moody's said in a note.
At the same time, we've retained the Baa3 ratings on its forex senior unsecured outstanding debt raised through this branch, Moody's added.
When contacted, the bank said the rating action is linked with Bahrain's sovereign rating, and not with ICICI Bank. The rating of the bonds, which have already been issued out of our Bahrain branch, has been reaffirmed.
Downgrading of Bahrain's rating would mean that any future bond issuance out of our Bahrain branch would carry a lower rating. We do not intend to make any such issuances, the bank said in a statement.
Moody's also downgraded the branch's counterparty risk assessment to Ba1(cr)/not prime (cr) from Baa3(cr)/P-3 (cr), apart from downgrading the local currency country risk ceiling for Bahrain to Ba1.
The downgrading of the provisional ratings on the foreign currency senior unsecured MTN programme for the Bahrain branch to Ba2 is solely on account of the forex bond ceiling of Bahrain, which was downgraded to Ba2, it said.
Similarly, the downgrading of the branch's CRA is solely on account of the local currency country risk ceilings of Bahrain, which is also downgraded to Ba1.
All other ratings under the MTN programme of the bank remain unchanged, Moody's said, adding the outlook on all ratings is stable.
On the ratings rationale, the agency said it affirms the ratings on the outstanding forex senior unsecured bonds issued by the Bahrain branch under the MTN programme at Baa3, on the basis of an unconditional standby letter of credit on these outstanding bonds through ICICI's Dubai branch.
The features of the standby letter of credit satisfy the key criteria required to achieve full credit substitution. Consequently, ratings of these instruments are in line with Baa3 forex senior unsecured ratings of Dubai branch, it said.
It also affirmed the forex senior unsecured debt rating of the Bahrain branch as the only bonds outstanding are those covered by the standby letter of credit.

18-08-2017 00:47

Usha Martin Education appoints two independent directors

Usha Martin Education & Solutions, engaged in educational support services, on Thursday said Manoj Kumar Vijay and Nitin Sharma have been appointed as the independent and non-executive directors of the company with effective from August 17, 2017.
“Manoj Kumar Vijay and Nitin Sharma have been appointed as the Independent and Non-Executive Directors of the Company w.e.f 17th August, 2017,” said Usha Martin Education & Solutions in a filing to the Bombay Stock Exchange.
Meanwhile, shares of company closed day’s trade at Rs 2.16 apiece, down 4.85 per cent, on the Bombay Stock Exchange.

17-08-2017 17:38

Infosys board to consider Rs 13,000 cr share buyback on Aug 19

The board of Infosys, India's second largest software services firm, will meet on August 19 to consider a Rs 13,000-crore share buyback proposal.
The share buyback -- which will be the first in the company's 36-year history -- has been a long standing demand by some of the founders and high-profile former executives, who have been pushing Infosys to return surplus capital to its shareholders.
Bowing to the demand, the Bengaluru-based company had in April announced that it will pay up to Rs 13,000 crore to shareholders during the current financial year through dividend and/or share buyback.
The IT firm had recently adopted a new Articles of Association that included a provision for buyback.
...The Board of Directors of Infosys Ltd will consider a proposal for buyback of equity shares of the company at its meeting to be held on August 19, 2017, Infosys said in a regulatory filing late last night.
It added that the outcome of the board meeting will be disseminated to the stock exchanges after the conclusion of the meeting.
The company, however, did not outline the details of the proposed share buyback in the regulatory intimation.
Meanwhile, shares of the company closed trading at Rs 1021.15 apiece, up 4.54 per cent from the previous close on BSE.

17-08-2017 17:21

Axis Bank launches new home loan product

Aiming to ramp up its mortgage book volumes and expecting better credit behaviour, Axis Bank today launched a home loan product that entails waiving off a few EMIs during the course of a loan, reported PTI.
The third largest private sector lender will waive off four equated monthly instalments (EMIs) each at the end of the fourth, eighth and the 12th year of a two-year loan.
This means that if a borrower takes a 20-year loan, the consumer will get 12 of the EMIs waived off, which the bank claimed will help save Rs 3.09 lakh on a Rs 30-lakh loan.
The waivers will be applicable for loans of up to Rs 30 lakh and will be given in the form of reduction in loan tenures, it said, adding that the interest rate stays the same at 8.35 per cent.
When asked if it will impact the net interest margin as the total tenure is coming down, executive director Rajiv Anand said the bank will benefit from better credit behaviour and longevity of a loan as pre-payments will be less.
But a single missed EMI will disqualify the borrower from getting the benefit, while on the longevity front, the incentives can help reduce prepayments, he said.
Asked if this would qualify as a 'teaser loan' about which the regulator has had many concerns in the past, a senior bank official replied in the negative, saying there is no differential rates of interest applied here, which is the typical hallmark of a teaser loan.
The bank already has a special product for the affordable housing segment called 'Asha', while the new product is christened 'Shubh Arambh', the official said, adding the former is aimed at the lower income group (of loans up to Rs 25 lakh).
At present, Asha loans account for around 5 per cent of its mortgage book, Anand said. As of June, home loans constituted a whopping 44 per cent of the Rs 1.68 trillion retail portfolio of the bank.
The new product is aimed at first-time home buyers but can be availed of by those switching lenders as well, Anand said.

17-08-2017 17:01

Cambridge Technology appraised at CMMI Level 5

Cambridge Technology, a leading global technology company, on Wednesday said that it has been appraised at Level 5 of the CMMI Institute’s Capability Maturity Model Integration (CMMI) v1.3 for its services. The appraisal was performed by QAI Consulting.
CMMI is a capability improvement approach that provides organizations with the essential elements of effective processes that ultimately improve their performance. An appraisal at maturity level 5 indicates that the organization is performing at an “optimizing” level. At this level, an organization continually improves its processes based on a quantitative understanding of its business objectives and performance needs. The organization uses a quantitative approach to understand the variation inherent in the process and the causes of process outcomes.
In order for CT to build a practice that is innovative, it has laid the foundation of a self-learning organization and as part of that CT is continually proud to be one of the ~30 companies appraised at this level for services in India. CT is also one of the few organizations in the world with 100 percent AWS certified Cloud Operations Centre with proven experience of over 10 million instance management hours.
“In the past, CT has been appraised at CMM Level 5 v1.1, CMMI Level 5 v1.2, CMMI L5 v1.3 for development and maintenance projects and maintaining this highest level in CMMI for its services,” said Cambridge Technology in a filing to the Bombay Stock Exchange.
In acknowledgment of the achievement, Aashish Kalra, Chairman of CT, commented, “CT achieves a milestone to become a self-learning and innovating organization and being appraised at the highest level of CMMI for our services demonstrates our focus and commitment towards continuous process maturity, innovation and delivering value to our customers. We are continually proud to maintain the highest standards of software quality & engineering in our organization and be part of a select group of global companies appraised at the highest level.”

16-08-2017 16:36

HCL Infosystem - Updates

Pursuant to the provisions of Regulation 47 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the copies of the newspaper advertisements published in both the English and Hindi edition of Business Standard regarding the publication of the completion of dispatch of Postal Ballot Notice and Postal Ballot Form on Thursday, 3rd August, 2017.

HCL Infosystem - Shareholders meeting

HCL Infosystem - Notice of Postal Ballot

The Board of Directors in its Meeting held on 26th July 2017 had approved the Postal Ballot for the purpose of 'Reclassification of the Status of Promoters Shareholding into Public Shareholding'.

Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the dispatch of the Postal Ballot Notice and Postal Ballot Form along with the postage pre-paid self-addressed Business Reply Envelope has been completed today i.e., 3rd August, 2017 to the Members of the Company, who were holding Shares in the Company either in physical form or in dematerialized form, as on the cut-off date i.e., Friday, 21st July, 2017.

The Postal Ballot Notice and Postal Ballot Form are enclosed for your record.

Thanking you, Yours faithfully For HCL Infosystems Limited

Sushil Kumar Jain Company Secretary & Compliance Officer

03-Aug-2017 05:42 PM

HCL Infosystem - Updates

Dear Sirs,

Pursuant to the provisions of Regulation 47 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the copies of the newspaper advertisements published in both the English and Hindi edition of Business Standard regarding the publication of the Unaudited Financial Results of the Company for the quarter ended 30th June, 2017.

Kindly acknowledge the receipt.

Thanking you

Very Truly Yours, For HCL Infosystems Limited

Sushil Kumar Jain Company Secretary

27-Jul-2017 10:47 AM

HCL Infosystem posts Q1 net loss of Rs 38.71 cr

Net revenue of the company declined substantially by 46.55 per cent at Rs 406.68 crore for the quarter ended June 30, 2017 as against Rs 760.90 crore in the corresponding period last year.
During Apr-Jun quarter, operating expenses dropped by 44.17 per cent to Rs 417.75 crore from Rs 748.26 in year ago period.
Other Income grew by 16.35 per cent at Rs 10.89 crore versus (Jun'16 Rs 9.36 crore).
Operating Profit slipped by 186.48 per cent to Rs -11.07 crore as against Rs 12.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 261.90 per cent in Jun quarter.
Interest grew by 16.85 per cent y-o-y to Rs 26.21 crore, while Taxation increased by 1072.92 per cent at Rs -5.63 crore (Jun'16 Rs -0.48 crore).
On the standalone basis, Net loss during the quarter stood at Rs 38.71 crore as compared to net loss of Rs 11.55 crore in the previous year quarter.

26-Jul-2017 06:35 PM

HCL Infosystem - Updates

Pursuant to the provisions of Regulation 47 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the copies of the newspaper advertisements published in both the English and Hindi edition of Business Standard regarding the publication of the completion of dispatch of Postal Ballot Notice and Postal Ballot Form on Thursday, 3rd August, 2017.

Kindly acknowledge the receipt.

04-Aug-2017 01:19 PM

HCL Infosystem - Notice of Postal Ballot

Dear Sir,

The Board of Directors in its Meeting held on 26th July 2017 had approved the Postal Ballot for the purpose of 'Reclassification of the Status of Promoters Shareholding into Public Shareholding'.

Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the dispatch of the Postal Ballot Notice and Postal Ballot Form along with the postage pre-paid self-addressed Business Reply Envelope has been completed today i.e., 3rd August, 2017 to the Members of the Company, who were holding Shares in the Company either in physical form or in dematerialized form, as on the cut-off date i.e., Friday, 21st July, 2017.

The Postal Ballot Notice and Postal Ballot Form are enclosed for your record.

Thanking you, Yours faithfully For HCL Infosystems Limited

Sushil Kumar Jain Company Secretary & Compliance Officer

03-Aug-2017 05:42 PM

HCL Infosystem - Updates

Dear Sirs,

Pursuant to the provisions of Regulation 47 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the copies of the newspaper advertisements published in both the English and Hindi edition of Business Standard regarding the publication of the Unaudited Financial Results of the Company for the quarter ended 30th June, 2017.

Kindly acknowledge the receipt.

Thanking you

Very Truly Yours, For HCL Infosystems Limited

Sushil Kumar Jain Company Secretary

27-Jul-2017 10:47 AM

Corporate Details

About Management

1986
- The company was established on 17th April. The object of the company
is manufacturing of and leading in complete range of Mini Computers
Micro processor based systems, Electronics Instruments, Micrographic
and reprograhic equipment and manufacturing and marketing of electronic
EPABX systems and electronics Teleprinters.
1989
- The company entered into an agreement with Hewlett packard of US for
the sale and leaving of the Super Mini and Mainframe computers to be
manufactured by Hewlett in India. The technical collaborator of the
Company Hewlett-packard, is the second largest computer company in the
world. It has some of the finest laboratories and manufacturing
facilities in the world. In 1991, these two companies, each a leader in
its own field, decided to join hands. And soon after HCL
Hewlett-packard was launced. HCL Finance & Investments Ltd is the
subsidiary of the company.
1996
- The performance was adversely affected due to rise in dollar exchange
rate, tight liquidity position in the market, political uncertainty
coupled with deferment of capital expenditure by the Government
Departments.
- The Company set new industry standards with the launch of D and K
class HP 9000 Business Servers complemented by J class HP 9000
Workstations, simultaneously with the world wide launch of these
products by Hewlett-Packard Co.
- The Company also recently announced the introduction of the most
powerful Workstations in the world based on the latest 64-bit
processors from Hewlett-Packard the PA-8000.
- The Department of Electronics (DoE), the nodal department of the
Government of India for development of electronics industry awarded the
First Prize to the Company in the area of computer systems, as a part
of the prestigious DoE award of Excellence.
1997
- The Company commissioned its second state-of-the-art manufacturing
facility at Sedarpet near Pondicherry.
- The Company has the largest network of spare-stocking locations,
supported by Test and Repair Centres which reduces the inventory level
and increases the spares availability at any time. To meet critical
requirements within 4-5 hours, the company has tied-up with Indian
Airlines to deliver spares in major metro cities.
- The Company has the best skilled manpower created through years of
Campus recruitment and training at In-house Training Centres and by
providing Management Training in the best Management Institutes.
- The Company set new industry standards by launching the most powerful
Workstations and Servers in the world based on the latest 64-bit
microprocessors from Hewlett-Packard - the PA-8000.
- The Company further extended its indigenous Infiniti range of
business computing products as it introduced the Enterprise Class
Infiniti Super Server and the Infiniti ELS range of workgroup servers.
- Mr. Suresh Rajpal, Director, Mr. Manuel F. Diaz, Director and Mr. Bob
Robertson, Alternate Director, resigned from the Board of Directors of
the Company w.e.f. 25th September.
1998
- The Company tied-up with Intel Corporation for Server technology,
resulting in the introduction of the Infiniti Global Line range of PC
Servers which incorporate building blocks from Intel and are integrated
and tested extensively for Indian condition.
1999
- The Board of Directors unanimously appointed Mr. Ajai Chowdhry as
Chairman and Chief Executive Officer with effect from 5th November.
- The Company launched its WWW.OW! initiative targeted at the internet
market with a range of services from providing complete infrastructure
to ISPs, to corporate Intranets, Cybercafes, Infokiosks and E-Commerce.
- The Office Automation division has recently launched digital copiers
and multifunctional products from Toshiba and opened service centres to
cater to the increasing number of walk-in customers for service of
Nokia cellular phones.
- The Company tied up with Lucent Technologies as an integration
partner for its SYSTIMAX range of structured connectivity solutions.
- The Office Automation Division has entered into a relationship with
Samsung, Korea to market and support their range of Key Telephone
Systems.
- The Office Automation Division tied up with InFocus, USA, for
marketing and supporting their range of LCD projectors.
- The Frontline Division has tied up with Novell to become the largest
Novell Authorised Support Centre. The tie-up has been successfully
implemented across five locations in the country.
- The Company tied-up with Microsoft Corp. for lates version of
operating systems, resulting in launch of preloaded systems and beta
testing for future technology and product like Windows 2000.
2000
- HCL has launched a new range of PCs (Ultima and Elite models) under
its BeanStalk range of PC's at its Pondicherry plant.
- The Company entered into an agreement with US-based Infocus for
distribution and technological support of the latter's data and video
projection products in the country.
- HCL Infosystems Ltd. has launched the Nokia professional Centre (NPC)
in Chennai as part of the expansion programme to open Nokia centres in
India which will enable customers to choose the right model and
accessories suiting their life style.
- HCL Infinet, the Internet start-up of HCL Infosystems, and media
group, Asian Age, have set up a joint venture called Asian Age Infinet.
- HCL Infosystems Ltd has launched in India the Swedish major
Ericsson's Generation X Business communication too, "Next Call Centre".
- The Office Automation Division of the company has been recognised for
level 1 in business excellence.
- HCL Infosystems has launched HCL BenaStalk personal computers powered
by Intel Pentium III 700 Mhz processor for the home segment.
- HCL Infinet Ltd., the Internet services subsidiary of HCL
Infosystems, has tied up with UBS Publishers' Distributors Ltd., one of
the largest distributors of books in the country, to sell books online
through its soon-to-be-launched portal.
- HCL Infosystems has entered into a tie-up with BroadVision for
providing personalised e-business applications to is clients.
- HCL Infinet, the Internet subsidiary of HCL Infosystems, launched its
business-to-consumer (B2C) horizontal portal, www.hclinfinet.com.
- The preferential allotment of equity shares/Warrants upto 2% of the
issued equity share capital of the company.
- HCL Infosystems Ltd,. and Unisys, a US-based provider of e-business
solutions, services, platforms and network infrastructure, have entered
into an alliance for use of ES7000 range of servers and associated
hardware and middleware storage solutions.
- HCL Infinet, the new internet services subsidiary of HCL Infosystems,
launched its value added internet services in Hyderabad, Ahmedabad,
Bhopal, Coimbatore, Faridabad, Gurgaon, Jaipur, Noida, Pune and
Thiruvananthapuram.
- HCL Infosystems Ltd. has implemented BroadVision B2B Technology for
East Lifestyle Corporation Pvt. Ltd., Singapore, a media and e-commerce
corporation with interests in print, Internet, television within the
timeframe of 50 days.
- FEC Infosystems Pte. Ltd., a subsidiary of HCL Infosystems Ltd., has
implemented BroadVision B2B technology for East Lifestyle Corporation
Pte. Ltd. Singapore, a media and e-commerce corporation.
- The Company has launched digital mail inserting systems -- 3 series
desktop, 5 series tabletop and 8 series -- in collaboration with the
US-based Pitney Bowes.
- HCL Infosystems, a technology integration company, has bagged the
award for the Top PC Vendor by at the Dataquest award ceremony.
- The Company Introduced Channel Support Certification program. This
ensures uniform quality of support across the country. HCL is the
first indian IT company to introduce this kind of certification program
in India.
- The Company has introduced new products under Infiniti 2000, Infinite
Global Line Servers, Busybee and Beanstalk.
2001
- ICRA has assigned an `A1+' rating to the Rs 50-crore enhanced
commercial paper programme of HCL Infosystems Ltd., indicating highest
safety.
- 1,45,00,000 No. of equity shares of Rs 10/- have been allotted at
par, by the subsidiary HCL InfiNet Ltd. against Rs 1450 lacs subscribed
in the previous quarter.
- HCL Infosystems and Intel have jointly launched an e-business
solutions programme, targeting new market opportunities in segments
such as Internet service providers, application service providers,
banking and finance.
- HCL InfiNet Ld., the Internet services subsidiary of HCL Infosystems,
has launched an authenticated payment gateway for its portal,
www.hclinfinet.com, in association with Citibank to enable customers to
carry out secure transactions online including buying Internet access.
- HCL Infosystems is setting up a managed off-shore development centre
at its Noida software development facility for Stratech Systems -- the
Singapore-based IT systems and technology developer.
- HCL Infosystems Ltd. launched a consumer friendly Internet appliance
(IA) -- Ezeebee.
- HCL-Infosystems is entering the call centre business. The company has
tied up with US-based Stratasoft to offer consultancy services to
clients entering the call centre business.
- Financial institutions hiked their stake in HCL Infosystems Ltd to
7.51 per cent representing 23.9 lakh shares as on June 2001, from 4.64
per cent stake amounting to 14.7 lakh shares in the previous year.
2002
-HCL Insys joins hands with Sun Microsystems India to provide end-to-end solutions to business.
-HCL Insys says it is the No.1 PC Co in India in 2001.
-HCL Tech restructures its treasury Investment portfolio.
-HCL Infosystems launches its 'Bean stalk CD surprise' to promote PC sales.
-HCL Infosystems introduces mailing system of Pitney Bowes, OfficeRight, the Digital
mail finisher and post perfect, and digital franking systems.
-HCL bags Toshiba gold Award for the second time for the overall copier sales and
marketing performances.
-HCL Insys launches the Toshiba Portege 3500 series Tablet PC in the nation.
2003
-HCL Info launches Dragon Naturally speaking, the latest speech recognition software.
-HCL Infsys receives the project to completely automate the Value Added Services(VAT)
of Andhra Pradesh.
-HCL Info registers 245% growth in their net profit for Q4.
-The company has launched " HCL Beanstalk Media Center PC" The new product will offer user a single remote control device controlling music system, live television (including recording of TV programmes), DVD player, radio and TV games on a personal computer with a keyboard.
-HCL provides technology for new police command centre
2004
-HCL Info forays into digital entertainment sector
-HCL Infosystems has launched a new computer that will have multi-functional capability of a television, DVD, MP3 player, radio, gaming tool, Web browser and video recorder
-HCL touches one lakh milestone in desktop sales
-HCL Infosystems announced the launch of its new range of Infiniti Global Line 2700 series with Dual Intel Xeon processors promising to deliver faster speeds for enterprise applications
-HCL Info launches new MP3 player
-HCL Info ties up with Union Bank
-Unveils 'RP2 System' a new technology which will ensure uninterrupted power supply to computers
2005
-Launches Micro Balanced Technology Extended (BTX) Form Factor for desktops in India on February 10, 2005.
-HCL Info unveils PC for Rs 12,990
-HCL Infosystems launches Toshiba's notebook PCs
2006
-HCL inks 5 year pact with Dish TV
-HCL Info sets up Enterprise Response Centre in Mumbai
-Company has splits its Face value of Shares from Rs 10 to Rs 2
2008
- HCL Infosystems Ltd has announced that the Company has been awarded one of the most prestigious contracts for establishing the Punjab State wide Area Network (PAWAN). HCL's specialized expertise in the e-governance vertical made it the primary choice for setting up this backbone infrastructure by Government of Punjab (GOP).
- HCL Infosystems has bagged a 23-million dollar deal to implement IT infrastructure for the Pan-African e-Network Project, which provides tele-education and tele-medicine. The project would connect 53 African countries into one network.
2009
- HCL Infosystems Ltd has informed that Mr. Nikhil Sinha has been appointed as an additional Director of the Board of the Company.
- HCL Infosystems announced its venture into partnership with BSNL for offering low-cost broadband-enabled computers in rural areas.
2010
- PC maker HCL Infosystems on March 26 unveiled its new 'ME Series 40' notebook, priced at Rs. 41,500, on the occasion of Earth Hour 2010. The notebook has BFR concentrations of less than 0.1 per cent, which makes the product 100 per cent recyclable and environment-friendly.
2011
-HCL Infosystems has been awarded a project worth Rs. 40 crores by Department of Higher Education, Government of Himachal Pradesh
-HCL Infosystems bags Rs. 250cr order from BSNL.
-HCL Infosystems bags IT order from Punjab and Sind Bank
-HCL Infosystems bags over Rs. 300 crores (approx US$ 66 Million) order from Indian Air Force under its Systems Integration Defence Practice
-HCL Infosystems implements IT infrastructure project for ONGC
2012
-HCL Infosystems wins Rs. 278 crore order from Electronics Corporation of Tamil Nadu Ltd.
-HCL Infosystems appoints Neeraj Jaitley as President of Enterprise Solutions
-HCL Infosystems emerges as a winner of Rs 2, 200 crore Aadhaar project from UIDAI
-HCL Infosystem acquires EDURIX business from Attano Media
-HCL Infosystems acquires remaining 40% stake in HCLI MEA
2013
-The the prestigious Golden Peacock Eco Innovation Award 2013 for eNBA project during the 15th World Congress on Environment Management .
-The Company Won INDIA Public Sector Enterprises Award 2013
-HCL Infosystems rallies on plans to phase-off manufacturing business
2014
-HCL Infosystems appoints Premkumar Seshadri as Executive Vice-Chairman
-Mr. Sanjeev Sharma has been appointed as Additional Director on the Board of the Company
2015
-HCL Infosystems jumps nearly 5% on signing deal with Nokia
-HCL Infosystems Partners with Symantec to Provide Enterprise Security Solutions